Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. type "aapl" in company and person lookup box and h

Type "AAPL" in Company and Person Lookup box and hit search Select 10-K (annual...

90.2K

Verified Solution

Question

Accounting

Type "AAPL" in Company and Person Lookup box and hit search
Select 10-K (annual reports on left side of screen) and click October 28,2022. Open document.
Scroll to the financial statements (Item 8) or click the financial statement hyperlink
Compute the ratios below using the financial statements and answer the questions.
Compute the following ratios for both 2022 and 2021. Put your answer in the appropriate column. Round to two decimal places.
Note 1: Cost of Goods Sold is equivalent to Cost of Sales.
Note 2: Gross profit is equivalent to Gross Margin.
Note 3: For ratios that need averages for 2022, you will add 2022 numbers +2021 numbers and divide by 2. For ratios that need averages for 2021, you will add 2021 numbers +2020 numbers and divide by 2. I have provided the 2020 numbers below that you will need.
2020(in millions)
Total Assets $323,888
Total AR, net $16,120
Total Inventory $4,061
Ratio
20222021
Current Ratio
Quick Ratio (quick assets for
apple are cash, marketable
securities, and AR, net)
AR Turnover
Average Collection Period
Inventory Turnover
Average days in Inventory
Total Asset Turnover
Debt Ratio
Equity Ratio
Debt to Equity Ratio
Profit Margin
Gross Profit Ratio
Return on Assets
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students